I need the following accounting questions answered. Word document attached.
1. AJAR Corporation reported the following information for the current year:
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(1) Net income is $102 million.
(2) Purchases of equipment were $47 million.
(3) Customer accounts receivable decreased by $18 million.
(4) Dividends paid to common shareholders were $10 million.
(5) Depreciation expense was $39 million.
(6) Income tax payable increased by $5 million.
(7) Long-term debt decreased by $40 million.
(8) Accounts payable increased by $16 million.
(9) Inventories increased by $28 million.
Required: Based on the above information, calculate the following items:
a. Cash flow from operating activities.
b. Cash flow from investing activities.
c. Cash flow from financing activities.
d. The increase or decrease in the cash balance.
2. Prepare the statement of cash flows for Brindley Company using the indirect method.
Brindley Company
Income Statement
For the Year Ended December 31, 2012
Revenues $8,500
Depreciation expense $ 800
Other operating expenses 6,100 6,900
Income before income taxes $1,600
Interest expense 850
Income tax expense 300
Net income $ 450
Brindley Company
Balance Sheet
December 31, 2012 and 2011
2012 2011 2012 2011
Assets: Liab. & SE:
Cash $ 650 $ 130 A/P $ 520 $ 500
A/R 770 610 Inc.Taxes/Pay. 270 280
Inventories 835 870 LT debt 415 250
Plant & Equip. 3,450 2,870 Common Stock 1,260 1,260
Less: Acc. Depr. (1,690) (890) Retained Earnings 1,550 1,300
Total Assets $4,015 $3,590 Total Liab. & SE $4,015 $3,590
